On August 16, 2017, DRW Holdings, LLC and RGM Advisors, LLC announced that DRW will acquire RGM, a principal trading firm located in Austin, Texas.
Terms of the acquisition were not disclosed. The transaction is expected to close at the end of September 2017, subject to final due diligence.
Founded in 1992, DRW Holdings, LLC (“DRW”) is a principal trading firm that trades and risks its own capital in various asset classes, instruments and strategies.
Established in 2001, RGM Advisors, LLC is a quantitative trading firm that focuses on equities. Its trading strategies utilize machine learning, big data analysis, and computing resources.
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